Web3 dead or alive poll + All the Web3 news you missed this week

So much of crypto/Web3 press these days is speculation if X concept is dead or alive. So I decided to run my own polls here, see below to vote!

Here’s the rest of the Web3 news you missed last week.

General

From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption (CoinTelegraph)

While the current state of Web3 front-end applications may fall short of the standard needed for mainstream adoption, the potential has never been more expansive as it is now with the rise in decentralized digital ID and focus on user-friendly interfaces.

NFTs

NFTs aren't dead, and Amazon's new digital art gallery could prove it (Creative Bloq)

The NFT bubble has popped but that doesn't mean it's over for non-fungible tokens. A new rumour suggests Amazon has been ploughing ahead with NFT integration and will soon launch an NFT art gallery.

What Are Dynamic NFTs? Understanding the Evolving NFT (CoinDesk)

As non-fungible tokens (NFTs) have grown in popularity, so have their use cases and functions. Discussions about a new class of NFTs known as dynamic NFTs are gaining momentum as digital assets evolve. While many NFTs are static, dynamic NFTs can change over time.

Metaverse

Dan Olsen is back with another video essay on Web3, this time about the Metaverse: “The Future is a Dead Mall - Decentraland and the Metaverse”

The metaverse hype crash is the best thing to happen to web3 (The Drum)

Only months ago, the metaverse was white-hot. It was all anyone wanted to talk about. If you wrote an article and you wanted it to trend, all you had to do was put ‘metaverse’ in the title. No more. Today, the metaverse buzz has been eclipsed by artificial intelligence (AI) hype. Some might say that the metaverse missed its moment. This article argues the crash was great for the future of Web3

Disney Lays Off Metaverse Team: Report (CoinDesk)

The company is in the process of laying off 7,000 staff in an attempt to control costs and develop what CEO Bob Iger calls a “streamlined” business. The cuts include its metaverse team, with its 50-strong headcount being let go.

Regulatory
US regulator sues top crypto exchange Binance, CEO for 'willful evasion' (Reuters)

The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an "illegal" exchange and a "sham" compliance program.

Where the U.S. Government Went Wrong in Regulating Crypto (CoinDesk)

A former public servant writes about why she started paying attention to crypto, particularly the regulatory missteps.

‘Can’t get their act together’: Crypto firms slam SEC, Washington for lack of clarity on rules (CNBC)

Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its actions against digital currency firms.

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About Me

Hi, I’m Andrew Chang - I created the Web3 Roundup to share what I’m learning in this space. I’ve spent my career at the forefront of the technology industry in areas such as crypto/blockchain (Former COO @ Paxos, co-founding partner of Liberty City Ventures), video and adtech. I learn by meeting with founders, investors and other thought leaders and approach Web3 with the same enthusiasm – and skepticism – I had about crypto/blockchain technologies 10 years ago. 

You can connect with me on LinkedIn